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Bitcoin Daily Price Analysis (3rd December, 2018)

Analysis

Bitcoin moved even lower and hit first projected 3500 support/bottom level for the final wave 5, from where we may see a bounce at least in three waves. Just keep in mind that there’s still room towards 3000 area or maybe even lower, so we strongly suggest to wait for a bullish evidence, which would be a sharp bounce back towards 5000 area or just an impulsive five-wave rise. But, to confirm a bullish reversal, the price needs to go all the way back above the 6200 region.

Bitcoin Daily Price Analysis (3rd December, 2018)

 

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